Lender hits sustainability milestone

by Madison Utley19 Nov 2019

A non-bank mortgage provider has achieved a significant milestone with the sustainability program it partnered with nearly ten years ago.

Through the Carbon Conscious program, a native Mallee Eucalypt tree is planted for every new Resimac-branded loan that is settled. As of 18 November, Resimac has contributed to the planting of 30,000 trees – representing 4.5m kilograms of CO2 in the atmosphere that will be offset.

CEO Scott McWilliam said Resimac values both contributing to a more sustainable environment and exercising corporate social responsibility “very highly”.

“We champion and support the Carbon Conscious program as we believe that all companies have a duty to behave in an environmentally responsible fashion,” McWilliam added.

“When we began the program in 2010, a lot of paper was used for each home loan application. Since then we have dramatically reduced our use of paper on our journey towards becoming paperless.

“Despite this progress, the planting of trees continues to be important as a means to offset the carbon emissions that we as a society are responsible for.”

Resimac also champions sustainability through providing customers tips on how to minimise their personal impact on the environment.

Further, in 2018, the lender partnered with Food Ladder, the world’s first not-for-profit organisation to use environmentally and economically sustainable solutions to address global food insecurity.

Food Ladder provides custom-designed systems, education and training opportunities to grow commercial quantities of affordable, nutrient-rich produce from towns across the world – from India, Bhutan and Uganda to the remotest parts of Australia’s Northern Territory.